Daily Market & Political Update

🇺🇸 Yellen: The U.S. Treasury will unveil new trade sanctions against Russia, targeting intermediaries in countries like India, Malaysia, and Thailand that supply critical military resources. This is a step to restrict Russia’s access to essential goods despite export bans on military tech. #RussiaSanctions #BidenAdministration

🇺🇸 U.S. Elections: Ipsos poll (via Reuters) shows Kamala Harris at 46% vs. Donald Trump at 43%. Trump leads on economic and immigration issues, while Harris shines on democracy and extremism topics. Voter turnout expected to be high, with 79% certain to vote. #2024Elections #KamalaHarris #DonaldTrump

🇪🇺 BoE: Andrew Bailey says tools to oversee non-banking institutions must improve, citing the sector’s opacity. The BoE aims to enhance liquidity and transparency monitoring. #BoE #FinancialRegulation

🇪🇺 Lagarde: ECB’s Christine Lagarde invites Trump to visit the European Central Bank following his critiques of Jerome Powell. She emphasized the complexity of central banking, suggesting Trump could learn more from ECB's operations. #ChristineLagarde #ECB #Trump

🇪🇺 Inflation: ECB’s Lagarde predicts Eurozone inflation may hit the 2% target sooner, possibly by 2025. Knot and Holzmann also foresee quicker rate cuts and faster inflation decreases. #EurozoneInflation #ECB

🟡 Gold hit a record high of $2,759.80/oz amid concerns over U.S. elections and Middle East tensions, with year-to-date gains now at 33%. #Gold #USAElections #MiddleEast